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Planning in Management (*Creation of procedures, rules and guidelines to…

- - - - The main purpose is the
        effectiveness
        
        strategic plan is a response to Why and When ?
        
        management and
        the directors
- - - - 1.-Single Use Plans
        
        for events / activities that will
        only happen once
        
        Sales Program
        Marketing compaign
        Selection process
        
        unique and of
        exceptional character
        
        usually very specific.
      - 2.-Permanent Plans
        
        can be used in multiple configurations
        permanently
        
        Rules
        
        specific regulations according to which
        the company works
        
        rigid character and must be strictly
        complied with
        
        "Employees must show up at 9 a.m"
        
        Procedures
        
        describes a step-by-step process
        to achieve a certain objective
        
        A procedure describes a step-by-step process
        to achieve a certain objective
        
        hiring or training workers, or for the supply of raw
        procedures
        
        Polices
        
        dictates how
        managers should approach a problem
        
        decision-making at the micro level
        
        hiring workers
        finalizing the relationship with
        suppliers
  - - - executed by the bosses with the
        lowest hierarchical rank in the company
        
        tasks such as production and
        operation of products and services
        
        respons to What?
- - - - the tactical plan
        responds to How?
        
        middle level managers.
        
        2-Budgest
        
        budget to hire:
        Perssonel
        Marketing
        Supplies
        Manufacturing
        
        execute day-to-day operations of the
        company.
        
        3_Resources
        
        Human Resources
        IP
        Cash Resources
        
        to be highly specific
        
        1- Specific Goals with Deadlines
        
        The tactical plan will
        set a great ambition on smaller and actionable goals
        
        The goals should be very specific and set deadlines to encourage action.
        
        4-Marketing, Financing, etc.
        
        supplies,
        financing
        manufacturing
        distribution
        PR
- - - - The main goal is to maintain business operations
        
        time periods
        -Identif
        -Keep the plan
        -Identify needs
        -Define 'success'
        -contingency plans
        -Manage your risks
        -Identify inefficiencies
    - - Need to review and update these plans
        accordingly
        
        -Communicate
        
        roles and responsibilities
        
        training
        -disaster drills
        -Assess
        -Review
        -Keep copies
        -Audit
    - - drawing up contingency plans emerges
        thinking about new and ongoing projects
        
        Identify risks:
        potential threats
        
        Prioritizing risks:
        .-balance
        -adequate preparation
        -quickly and effectively
        
        Address all business-critical operations:
        -critical business
        
        minimize losses
        
        Risk Impact/Probability Charts
        
        you analyze the impact of each
        risk, and you estimate a likelihood of it occurring.
        
        essential business processes:
        -cash flow
        -staff support
        -market share
      - Risk Analysis
        
        Identify Threats
        
        Human
        Operational
        Reputational
        Procedural
        Project
        Financial
        Technical
        Natural
        Political
        Structural
        
        Estimate Risk
        
        Risk Value = Probability of Event x Cost of
        Event
        
        -estimate
        -probability
        
        associated costs